This property looks like a bad Long-Term investment with a projected -33.73% first-year return on $314k initial cash invested.
-33.73%
Cash On Cash
-0.41%
Cap Rate
-0.06
DSCR
$1,510
Rent
-$8,825
Cashflow
Cash Flow
$1,510 income − $10,335 expenses = $8,825 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,510
Total Expenses
$10,335
Mortgage P&I
545%
$8,234
Property Taxes
78%
$1,184
Home Insurance
35%
$523
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0